ch20 jasa atestasi dan asuran
TRANSCRIPT
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Modern Auditing:Assurance Services and the Integrity of Financial Reporting, 8th EditionWilliam C. BoyntonCalifornia Polytechnic State University at San Luis ObispoRaymond N. JohnsonPortland State UniversityChapter 20 Attest and Assurance Services, and Related Reports
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Chapter Overview
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Universe of Assurance Services
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Levels of AssuranceAudit or Examination-level Assurance
Review-level AssuranceNegative Assurance
Agreed-upon Procedures
No AssuranceAccounting and Compilation Services
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Assurance/Service Matrix
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Types of EngagementsStatements on Auditing Standards (SAS)
Statements on Standards for Attestation Engagements (SSAE)
Statements on Standards for Accounting and Review Services (SSARS)
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Other SAS Engagements Special ReportsOther Comprehensive Bases of Accounting
Specified Elements, Accounts, or Items of a Financial Statement
Compliance Reports Related to Audited Financial Statements
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Study BreakThis level of assurance intends to give the positive expression of opinion by the CPA regarding an assertion by management.Audit-level assuranceReview-level assuranceAgreed-upon proceduresNo assurance
A. Audit-level assurance
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Study BreakThis defines the services associated with the review or the compilation of financial statements of a nonpublic entity.SASSSAESSARSGAAS
C. SSARS
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Accepting and Performing Attest EngagementsAttest EngagementGathers evidenceObjectively assesses the measurements and communicationReports the findings
Attestation StandardsSSAE 1 (Figure 20-7)General StandardsStandards of FieldworkStandards of Reporting
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Engagements Performed Under Attestation StandardsSSAE 101 EngagementsCPA WebTrustBusiness and information privacy practicesTransaction integrityInformation protection
CPA SysTrustAvailabilitySecurityIntegrityMaintainability
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Engagements Performed Under Attestation StandardsAgreed-upon Procedure EngagementsReport of Procedures and Findings
Reporting on Prospective Financial InformationTypes of Prospective Financial InformationFinancial ForecastFinancial ProjectionTypes of ServicesCompilationExaminationApplication of Agreed-upon Proceures
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Engagements Performed Under Attestation StandardsCompliance AttestationExamination EngagementsNature of Compliance RequirementsNature and Frequency of NoncomplianceQualitative Considerations
Agreed-upon Procedure EngagementsCompliance with Specified RequirementsEffectiveness of Entitys Internal ControlBoth of the Above
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Accounting and Review ServicesNonpublic CompaniesReview of Financial StatementsReview Engagement
Compilation of Financial StatementsCompilation Engagement
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Other Assurance OpportunitiesCPA Risk AdvisoryBusiness Risk ManagementIdentification and assessment of primary potential risks
Independent assessment of identified risks
Evaluate system of identification and limitation of risks
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Other Assurance OpportunitiesCPA Performance ViewPerformance MeasurementAssess whether systems a properly measuring activities
Evaluate employees
Measure actual performance against objectives
Identify areas providing best opportunities for improvement
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Other Assurance OpportunitiesCPA EldercareAttestation Engagements
Direct Services
Consulting Services
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Study BreakAll of the following are risks associated with doing business electronically, except:Business and information privacy practicesTransaction integrityInformation protectionAll of the above
D. All of the above
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Study Break4. Of the four SysTrust Principles, this one describes the system being protected against unauthorized physical and logical access.AvailabilitySecurityIntegrityMaintainability
B. Security
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Study BreakThis type of prospective financial information presents, to the best of the responsible partys knowledge and belief, an entitys expected financial position, results of operations, and cash flows.BudgetFinancial forecastFinancial projectionAll of the above
B. Financial forecast
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Study BreakThis is the AICPAs branded version of performance measure.CPA CompilationsCPA Risk AdvisoryCPA Performance ViewCPA Eldercare
C. CPA Performance View